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NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 1
1. Under non- cooperative games, it is
A. Essential to understand one’s opponent’s point of view
B. Not essential to understand one’s opponent’s point of view
C. Essential to understand one’s opponent’s point of view and to deduce the likely responses accordingly
D. Essential to understand one’s opponent’s likely responses
Ans : C
2. Which of the following statements are
true regarding Cobb-Douglas
production function?
a) It is long period production function
b) It is short period production function
c) It is based on increasing returns to scale
d) Output elasticities with respect to
factors are constant
Select the correct option:
A. (a) & (c)
B. (a) & (d)
C. (b) & (c)
D. (c) & (d)
ANS: B
3. Which of the following methods of
selecting strategies is consistent with
risk averting behavior?
A. If two strategies have the same
expected profit, select the one with
smaller standard deviation
B. If two strategies have the same
standard deviation, select the one with
smaller expected profit
C. If two strategies have the same
standard deviation, select the strategy
with larger coefficient of variation
D. If two strategies have different
expected profits, select the one with
the larger standard deviation
ANS: A
4. Match the following
List – I
(a) Various combinations that a consumer
can purchase
(b) Various combinations of two
commodities providing equal
satisfaction to consumer
(c) A set of indifference curves
(d) Point of tangency of a budget line on an
indifference curve
List –II
(i) Indifference map
(ii) Indifference curve
(iii) Budget line
(iv) Consumer’s equilibrium
Choose the correct option from those given
below:
A. a-i, b-ii, c-iv, d-iii
B. a-iv, b-iii, c-I, d-ii
C. a-ii, b-iii, c-iv, d-i
D. a-iii, b-ii, c-i, d- iv
ANS: D
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 2
Questions 5,6,7
5. Which of the socially efficient level of
production?
A. OX1
B. OX2
C. AX1
D. CX2
ANS: B
6. Deadweight loss is represented by the
area of
A. X1X2ca
B. X1BCX2
C. OX1AE
D. BAC
ANS: D
7. What price will be charged under
monopoly?
A. OF
B. X2C
C. OE
D. OG
ANS: C
8. The inconsistency of which one of the
following criteria is labeled as Scitovsky
Paradox?
A. Little criterion
B. Pareto criterion
C. Bergson criterion
D. Kaldor-Hicks criterion
ANS: D
9. General equilibrium analysis
determines
A. Prices & quantities in all markets
simultaneously
B. Prices & quantities in all markets
simultaneously and explicitly takes
feedback effects into account
C. Feedback effects
D. Prices in all markets
ANS: B
10. The firms are competitive and profit
maximizing the demand curve for
labour is determined by
A. The opportunity cost of workers’ time
B. The value of marginal product of labour
C. Offsetting income and substitution
effect
D. The value of marginal product of capital
ANS: B
11. Pareto’s marginal condition for efficiency in composition of output
(product-mix) requires
ANS: C
12. Why do individuals act in riskier ways
after being insured?
A. Due to the problem of adverse selection
B. Due to the problem of false confidence
C. Due to the problem of moral hazard
D. Due to the problem of screening costs
ANS: C
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 3
Direction: Read the passage given below and
answer the questions that follow it:
Suppose that for a particular economy for some
time period, investment was equal to 100,
government expenditure was equal to 75t, net
taxes were fixed at 100 and consumption (C)
was given by the consumption function:
C = 25 + 0.8 YD
Where YD is disposable income and Y is GDP.
(Questions 13-15)
13. What is the value of tax multiplier
(∆Y/∆T)?
A. -3
B. -2
C. -5
D. -4
ANS: D
14. What is the value of government
expenditure multiplier (∆Y/∆G)?
A. 5
B. 4
C. 6
D. 3
ANS: A
15. What is the level of equilibrium
income(Y)?
A. 700
B. 600
C. 850
D. 800
ANS: B
16. Which of the following is an example of
a public good?
A. Residential building
B. National defence
C. Restaurant meals
D. Swimming pool of a house
ANS: B
17. The excess supply of a commodity
above the no-trade equilibrium price
given one nation’s?
A. Import demand for the commodity
B. Export supply and import demand for
the commodity
C. Export supply of the commodity
D. Import supply of the commodity
ANS: C
18. As income falls, consumption declines
but proportionately less than the
decrease in income because the
consumer desires to sustain previous
standard of living. This is called?
A. Ratchet effect
B. Wealth effect
C. Demonstration effect
D. Income effect
ANS: A
19. Which one is NOT axioms of inequality
measures?
A. Principles of scale invariance
B. Principle of equity
C. Principles of translation invariance
D. Axiom of decomposability
ANS: B
20. The concept of fiscal deficit implies
which of the following?
A. Revenue and interest receipts minus
revenue expenditures
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 4
B. Revenue receipts and recovery of loans
and other receipts minus total
expenditure
C. Receipts minus disbursement in capital
account
D. Total receipts minus total expenditure
ANS: B
21. Liquidity approach is also known by the
name
A. Gurley – Shaw approach
B. Radcliffe approach
C. Traditional approach
D. Monetarist approach
ANS: B
22. Vertical equity in taxation means that
A. People in different income groups
should be taxed equally
B. People in different income groups
should be taxed differently
C. People in different groups should be
charged proportionately
D. Unequal people should be treated
equally
ANS: B
23. The commodity or Net Barter Terms of
trade are represented by the formula
A. 𝑞𝑢𝑎𝑛𝑡𝑖𝑡𝑦 𝑜𝑓 𝑒𝑥𝑝𝑜𝑟𝑡𝑠𝑞𝑢𝑎𝑛𝑡𝑖𝑡𝑦 𝑜𝑓 𝑖𝑚𝑝𝑜𝑟𝑡𝑠 * 100
B. 𝑝𝑟𝑖𝑐𝑒∗𝑞𝑢𝑎𝑛𝑡𝑖𝑡𝑦 𝑜𝑓 𝑒𝑥𝑝𝑜𝑟𝑡𝑠𝑝𝑟𝑖𝑐𝑒∗𝑞𝑢𝑎𝑛𝑡𝑖𝑡𝑦 𝑜𝑓 𝑖𝑚𝑝𝑜𝑟𝑡𝑠 * 100
C. 𝑣𝑜𝑙𝑢𝑚𝑒 𝑜𝑓 𝑒𝑥𝑝𝑜𝑟𝑡𝑠𝑣𝑜𝑙𝑢𝑚𝑒 𝑜𝑓 𝑖𝑚𝑝𝑜𝑟𝑡𝑠 *100
D. 𝑝𝑟𝑖𝑐𝑒 𝑖𝑛𝑑𝑒𝑥 𝑜𝑓 𝑒𝑥𝑝𝑜𝑟𝑡𝑠𝑝𝑟𝑖𝑐𝑒 𝑖𝑛𝑑𝑒𝑥 𝑜𝑓 𝑖𝑚𝑝𝑜𝑟𝑡𝑠 *100
ANS: D
24. The long term chronic unemployment
arising from imbalance between the
skills and other characteristics of
workers in the market and the need of
employers is known as
A. Cyclical unemployment
B. Frictional unemployment
C. Structural unemployment
D. Seasonal unemployment
ANS: C
25. According to Marshall – Lerner
condition for the foreign exchange
market to be stable, the sum of the
elasticities of demand for imports and
the demand for exports should be
A. Less than 1
B. Equal to zero
C. Equal to 1
D. More than 1
ANS: D
26. In J. Robinson’s growth model, capital accumulation depends on
A. Savings- income ratio
B. Profit-wage relation and labour
productivity
C. Profit- income ratio and capital
productivity
D. Savings- investment ratio
ANS: B
27. Which of the following is NOT the
method of debt redemption?
A. Refunding
B. Repudiation
C. Sinking fund
D. Capital levy
ANS: 2
28. A tax is said to be direct, when
A. Impact and incidence fall upon the
same person
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 5
B. Only incidence falls upon the same
person
C. Impact is shifted to another person
D. Person escapes from paying tax
ANS: A
29. In the Balance of Payment Account, the
transfer payments are included in which
one of the following?
A. Capital Account
B. Service Account
C. Current Account
D. Official Reserve Account
ANS: C
30. Which one of the following items is
included in the Capital Account of the
balance of payment of a country?
A. Investment income
B. Invisibilities
C. Commercial borrowings
D. Private transfer
ANS: C
31. Which of the following factors is NOT
the cause for ‘market failure’?
A. Asymmetric information
B. Public good
C. Externality
D. Lack of demand
ANS: D
32. ‘Immiserizing growth’ is the term given by
A. Amartya Sen
B. N Kaldor
C. Paul Krugman
D. Jagdish Bhagwati
ANS: D
33. In efficiency wage model, the real wage
is set to
A. Minimize the efficiency of worker per
rupee of real wages received
B. Clear the labour market
C. Not to clear the labour market
D. Maximize the efficiency of workers per
rupee of real wages received
ANS: D
34. Which of the following is NOT the
function of a capital market?
A. Mobilizing savings into investment
B. Channelizing funds from less profitable
to more profitable
C. Mobilizing funds from surplus units to
deficit units
D. Providing better returns to direct
investors
ANS: D
35. Which one of the following growth
models takes technology as exogenous
variable?
A. Solow model
B. Robinson model
C. Lucas model
D. Todaro model
ANS: A
36. Three pillars of the Asia –Pacific
Economic Cooperation (APEC) are
(a) Trade and investment liberalization
(b) Business facilitation
(c) Economic and technical cooperation
(d) Military cooperation
Choose the correct option:
A. a,b,d
B. a,b,c
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 6
C. a,c,d
D. b,c,d
ANS: B
37. During recession which of the following
measures is initiated?
A. Cutting taxes and boosting government
spending
B. Increasing taxes and decreasing
government spending
C. Keeping tax rates constant and
increasing government spending
D. Increasing tax rates and keeping
government spending constant
ANS: A
38. A toll tax is a tax based on which of the
following?
A. The benefit principles
B. Horizontal equity
C. Vertical equity
D. Tax progressively
ANS: A
39. Calculate the rate of effective
protection by using the formula
g=
if g=0.3, ai = 0.8 and ti= 0, then
the value of t is
A. 0.2
B. 0.3
C. 0.1
D. 0.4
ANS: C
40. Match the following
List – I
a) Theory of big push
b) Warranted rate of growth
c) Social dualism
d) Endogenous growth theory
List – II
i) J H Boeke
ii) Paul Romer
iii) Rosenstein Rodan
iv) R F Harrod
Choose the correct option
A. a-ii, b-iii, c-iv, d-i
B. a-iii, b-I, c-iv, d-ii
C. a-iii, b-iv, c-I, d-ii
D. a-iv, b-ii, c-iii, d-i
ANS: C
41. By ‘financial crowding out’ economist mean
A. Credit rationing
B. What the government borrows cannot
be used for private investment
C. Government borrowings drive up
interest rate
D. Reserve bank of India controls on
commercial bank lendings
ANS: C
42. Direct credit programmes introduced
A. Security – oriented credit
B. Development – oriented credit
C. Purpose- oriented credit
D. Welfare- oriented credit
ANS: C
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 7
43. Which of the following is NOT part of
Wiseman and Peacock hypothesis?
A. Concentration effect
B. Displacement effect
C. Inspection effect
D. Taxation effect
ANS: D
44. Which consideration a commercial bank
does NOT keep in mind to manage its
assets and liabilities?
A. Liquidity
B. Profitability
C. Solvency
D. Equity
ANS: D
45. External drains leave which type of
impact on commercial bank?
A. Lowers the reserves of bank
B. Increase further deposits
C. Increase credit creation
D. Creates demand deposits
ANS: A
46. Assumes that an economy begins in
macroeconomic equilibrium, then taxes
are significantly decreased. As a result
of this change
A. There is expansion and deflation in the
economy
B. There is recession and deflation in the
economy
C. There is expansion and deflation in the
economy
D. There is stagflation in the economy
ANS: C
47. An increase in money supply will
increase the demand for goods and
services by
A. Reducing government spending
B. Lowering the interest rate so that
investment spending increases
C. Raising interest rate so that investment
spending reduces
D. Increasing government spending on
goods and services
ANS: B
48. The provision under the membership
clause of the IMF is that any country
can become a member if
A. The country is willing to be a member
of the World bank and willing to pay
B. The country is willing to be a member
of the WTO and willing to pay all
subscriptions is glod
C. The country is willing to be a member
of the World bank and willing to pay
subscription
D. The country is willing to be a member
of UNO and willing to pay subscription
ANS: C
49. Match the following
List-I
(a) ICICI
(b) IRBI
(c) IFCI
(d) IDBI
List – II
(i) 1971
(ii) 1964
(iii) 1955
(iv) 1948
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 8
Choose the correct option
A. a-i, b-ii, c-iii, d-iv
B. a-ii, b-iii, c-iv, d-i
C. a-iii, b-i, c-iv, d-ii
D. a-iii, b-ii, c-I, d-iv
ANS: C
50. An increase is fiscal spending leads to
A. A shift of Phillips curve to the left
B. A shift of Phillips curve to the right
C. Movement along the Phillips curve such
that unemployment rises inflation also
rises
D.
ANS: D
51. A foreign exchange risk involves the
transaction exposure, the accounting
exposure and
A. The translation exposure
B. The flexibility exposure
C. The rigidity exposure
D. The economic exposure
ANS: A
52. Which is NOT the main objective of
credit control?
A. Stabilization of general price level
B. Promoting economic growth
C. Ensuring adequate flow of credit to
productive sectors
D. Promoting economic welfare
ANS: D
53. Match the following
List-I
a) Accelerator and multiplier interaction
b) Cambridge approach
c) Life cycle hypothesis
d) Efficiency wage model
List-II
i) Modigliani, Ando and Brumberg
ii) Akerlof and Yellen
iii) Paul Samuelson
iv) Alfred Marshal and A C pigou
Choose the correct option
A. a-i, b-iv, c-ii, d-iii
B. a-iii, b-iv, c-i, d-ii
C. a-ii, b-i, c-iii, d-ii
D. a-iv, b-iii, c-ii, d-i
ANS: B
54. According to Marxian analysis the
surplus value depends upon
A. Surplus and necessary labour time
B. Necessary labour time only
C. Surplus labour time only
D. Nominal wage rate
ANS: A
55. The liquidity aggregates are classified as
A. L1,L2 and L3
B. M1,M2 and M3
C. NM3
D. M1, M2, M3 and M4
ANS: A
56. During a depression which of the
following policy instruments should be
used?
A. Taxes should be increased
B. Taxes are kept unchanged and public
expenditure is increased
C. Public expenditure is reduced
D. There should be a balanced budget
ANS: B
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 9
57. Which one of the following does NOT
determine the amount of years of
schooling demanded by an individual to
qualify for modern job?
A. The wage or income differential
B. The probability of success in finding
modern sector employment
C. Opportunity cost of schooling
D. Expansion of health care infrastructure
in urban sector
ANS: D
58. Who among the following is not
associated with the endogenous growth
theory?
A. Robert Solow
B. Paul Romer
C. Rebelo
D. Robert Lucas
ANS: A
59. Under which system the central bank is
authorized by law to issue a fixed
amount of notes against government
securities and any excess is to be fully
backed by gold/silver?
A. Maximum fiduciary system
B. Minimum reserve system
C. Fixed Fiduciary system
D. Maximum and minimum fiduciary
system
ANS: C
60. The rational expectations hypothesis
suggests that the forcasts that people
make concerning future inflation rates
A. Consistently over estimates the actual
rate of inflation in the future
B. Are always correct
C. Consistently under estimates the actual
rate of inflation in the future
D. Are correct on an average but are
subject to errors that are distributed
randomly
ANS: D
Questions 61,62,63
61. Estimate of head count ratio in state –A
and state – B are
A. State A : 0.375 ; B: 0.375
B. State A : 0.475 ; B: 0.375
C. State A : 0.575 ; B: 0.575
D. State A: 0.385; B: 0.425
ANS: A
62. From the table calculate the estimates
of Square Poverty Gap Ratio (SPGR) and
then show that the SPGR in state A is
A. Same as in state B
B. Higher than that in state B
C. Lower than that in state B
D. Significantly different from zero
ANS: C
63. From the table calculate the estimates
of Poverty Gap Ratio (PGR) for state A
and state B and select the correct
option
A. State A : 0.133 ; B: 0.0119
B. State A : 0.153 ; B: 0.0135
C. State A: 0.0133 ; B: 0.119
D. State A: 0.0153 ; B: 0.135
ANS: C
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
+91 9495908655 | www.applebacademy.com | [email protected] Page 10
64. In an open economy input output
model, the viability is examined by
A. Hawkins- Simon conditions
B. Kuhn – Tucker conditions
C. Dickey – fuller test
D. Goldfeld Quandt test
ANS: A
65. When the null hypothesis is there as an
equality the level of significance is the
probability of making
A. Type –II error
B. Type – I error
C. Type I & II errors
D. Type I & III errors
ANS: B
66. In 2011 the proportion of urban
population was more than 40% in the
states of
A. Tamil Nadu, Punjab, Andra Pradesh,
Gujarat
B. Tamil Nadu, Haryana, Gurajat,
Maharastra
C. Tamil Nadu, Kerala, Andra Pradesh,
West Bengal
D. Tamil Nadu, Kerala, Maharastra, Gujarat
ANS: D
67. A Linear programming problem can be
solved by using
A. ARIMA techniques
B. Simplex method
C. Unit root method
D. None of the above
ANS: B
68. Which age structure is important for
demographic dividend?
A. 0-14
B. 15-59
C. 60 and above
D. 0-14 and 60 and above
ANS: B
69. The correct relationship among
Arithmetic Mean (AM), Geometric
Mean (GM) and Harmonic Mean (HM) is
A. GM = AM + HM
B. AM < HM
C. (GM)2 = HM* AM
D. AM = GM-HM
ANS: C
70. In a two variable (X and Y ) regression
analysis, the regression coefficient are
bxy= 0.6 and byx= 0.8. If y is dependent
variable and x is independent variable,
what is the percentage of variations in Y
explained by X?
A. 47%
B. 48%
C. 49%
D. 36%
ANS: B
71. The RBI made Indian rupee fully
convertible in current account
transactions related to goods and
services in the year
A. 1985
B. 2002
C. 1994
D. 2011
ANS: C
72. Standard Error (SE) of sample mean in
random sampling from an infinite
population or in random sampling with
replacement is given by
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
Apple B UGC Net JRF Academy , Arunapuram, Pala, Kottayam, Kerala +91 98466 48366
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ANS: 4
73. The IRR is the discount rate that
equates the project NPV to ____ and
benefit- cost ratio to ____
A. 1,0
B. 0,1
C. 0,0
D. 1,1
ANS: B
74. Difference equation is concerned with
A. Discrete changes
B. Continuous changes
C. Both of the above
D. None of the above
ANS: A
75. Multiplicative Decomposition model is
used to
A. Deseasonalise the time series data
B. Build cost of living index
C. Test a hypothesis
D. Estimate probability
ANS: A
76. Match the following
Type –I
a) Thomas Doubleday
b) Thomas Sadler
c) Leibenstein
d) Herbert Spencer
Type –II
i) Destiny theory
ii) Biological theory
iii) Diet theory
iv) Motivation theory of population
growth
Choose the correct option
A. a-i, b-ii, c-iii, d-iv
B. a-iii, b-I, c-iv, d-ii
C. a-iv, b-iii, c-ii, d-i
D. a-iv, b-ii, c-I, d-iii
ANS: B
77. “Education as investment in human resources plays an important role
among the factors which contribute to
economic growth”. This statement was given by
A. New Education policy, 1985
B. Education Commission, 1966
C. NCERT
D. Supreme Court of India
ANS: B
78. Under TRIPS protection for copyrights is
for
A. 20 years after the death of the author
B. 30 years after the death of the author
C. 40 years after the death of the author
D. 50 years after the death of the author
ANS: D
79. Second National Commission on labour
has recommended a three tier system
including
A. Lok adalats, labour courts and labour
commissions
NTA UGC NET ECONOMICS ANSWER KEY - JUNE 2019
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B. Lok adalats, labour courts and labour
relations commissions
C. Lok adalats, labour courts and judicial
courts
D. Lok adalats, labour courts and labour
inspectors
ANS: B
80. The ‘Hedonic Price’ method measures the value of environmental assets
through
A. Using ‘existence’ of an environmental asset
B. Using linkages between variations of
Inhouse prices
C. Using WTP to value of environmental
assets
D. Using WTA TO value of environmental
assets
ANS: B
81. Assertion (A): The share of the non
commodity sector in the national
income has been increasing in India
Reason (R): Industry and agriculture have
been growing at a relatively slower pace in
India
A. Both (A) and (R) are true and R explains
(A)
B. Both (A) and (R) are true but R does not
explain (A)
C. (A) is true but (R) is false
D. (A) is false but (R) is true
ANS: A
82. Market failure occurs in case of most of
the environmental goods, because
A. Environmental goods are rival products
B. Environmental goods are excludable
products
C. Environmental goods are non rival in
production
D. Environmental goods are non rival and
non excludable in consumption
ANS: D
83. Which of the following is NOT an
instrument of capital market with
special reference to India
A. Equity share
B. Debenture
C. Gold ETF
D. Commercial paper
ANS: D
84. Match the following
List – I
a) Gauss – Markov
b) Coefficient of determination
c) H0 : B2 = 0, H1: B2= 70
d) Heteroscedasticity
List-II
i) R2
ii) One sided test
iii) Goldfeld – Quandt test
iv) BLUE
Choose the correct option
A. a-iv, b-i, c-ii, d-iii
B. a-I, b-ii, c-iv, d-iii
C. a-ii, b-iii, c-i, d-iv
D. a-iii, b-I, c-ii, d-iv
ANS: A
85. Which of the following items completes
the life table?
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AGE lx dx Lx Tx E0x
7 90000 500 89,750 48,50,000 ?
A. 50.50
B. 54.00
C. 53.89
D. 51.31
ANS: C
86. If AR = 15 MR= 5, the price elasticity of
demand is
A. 2.3
B. 1.5
C. 1.75
D. 1
ANS: B
87. In a binomial distribution, the
probability of x successes in n trials in
any order is given
ANS: 1
88. The cost function of a monopolist is C =
40+ 12X. Write the demand function as
P = 60- 3X. What is his profit maximizing
output level?
A. 12
B. 11
C. 8
D. 9
ANS: C
89. “Under some conditions, it makes no difference to efficiency whether the
polluter has a right to pollute or the
victim has a right to clean air”. This statement is related to the work of:
A. G Hardin
B. R Coase
C. N Kaldor
D. Julian Simon
ANS: B
90. Applying OLS to simultaneous equations
results in the parameters being
A. Inefficient
B. Inconsistent
C. Biased
D. Biased and Inconsistent
ANS: D
91. Match the following
List –I
a) World environment day
b) World wildlife day
c) World water day
d) World population day
List –II
i) 11th July
ii) 5th June
iii) 3rd March
iv) 22nd March
Choose the correct option
A. a- i, b-ii, c-iii, d- iv
B. a-iii, b-i, c-iv, d-ii
C. a-iv, b-iii, c-ii, d-i
D. a-ii, b-iii, c-iv, d-i
ANS: D
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92. If A= 6 5 53 −11 −53 −5 −2
Then |𝐴| is equal to
A. 15
B. 16
C. 27
D. 20
ANS: C
93. Which of the following is NOT correct
with reference to the service sector of
Indian economy?
A. Service sector has the largest share in
the GDP
B. Service sector has the largest share in
employment
C. Service sector’s growth has been higher than growth of agriculture sector
D. Productivity per worker in service
sector is highest
ANS: B
94. A simultaneous equation model is
exactly identified, if
A. Unique numerical values of structural
parameters can be obtained
B. More than one numerical value can be
obtained for some of the parameters of
the structural equation
C. Unique solution of all structural
coefficients is not possible
D. Structural coefficient cannot be
estimated
ANS: A
95. National Food Security law covers
A. 65% of rural population
B. 70% of rural population
C. 75% of rural population
D. 80% of rural population
ANS: C
96. Which of the following is NOT part of
the “PM Kisan Samman Nidhi” scheme as announced on 1-02-2019?
A. All farmers having land holdings up to 2
hectares are eligible under the scheme
B. The scheme will be applicable from 1st
April, 2019
C. The government will transfers Rs. 6000
per annum in to the bank account of
eligible beneficiaries
D. The money will be given in three equal
installments of Rs. 2000 each
ANS: B
97. For a moderately skewed distribution,
the value of mode is 10 and value of
median is 20. Then the mean is
A. 15
B. 30
C. 25
D. 35
ANS: C
98. Who propounded optimum theory of
population?
A. Robbins
B. Dalton
C. Cannan
D. Carr Saunders
ANS: C
99. What is the equation of corrected
birthrate?
A. Corrected birthrate = 𝑅𝑒𝑔𝑖𝑠𝑡𝑒𝑟𝑒𝑑 𝑏𝑖𝑟𝑡ℎ𝑠 𝑖𝑛 𝑜𝑛𝑒 𝑦𝑒𝑎𝑟+𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒 𝑏𝑖𝑟𝑡ℎ𝑚𝑖𝑑 𝑦𝑒𝑎𝑟 𝑝𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛
*1000
B. Corrected Birth rate = 𝐿𝑖𝑣𝑒 𝑏𝑖𝑟𝑡ℎ𝑠 𝑖𝑛 𝑜𝑛𝑒 𝑦𝑒𝑎𝑟𝑚𝑖𝑑 𝑦𝑒𝑎𝑟 𝑝𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛 * 1000
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C. Corrected birth rate = 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑓𝑒𝑚𝑎𝑙𝑒 𝑏𝑖𝑟𝑡ℎ𝑠𝑚𝑖𝑑 𝑦𝑒𝑎𝑟 𝑝𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛𝑠 * 1000
D. Corrected birth rate = 𝑅𝑒𝑔𝑖𝑠𝑡𝑒𝑟𝑒𝑑 𝑏𝑖𝑟𝑡ℎ𝑠+𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒 𝑏𝑖𝑟𝑡ℎ𝑠𝑀𝑖𝑑 𝑦𝑒𝑎𝑟 𝑓𝑒𝑚𝑎𝑙𝑒 𝑝𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛 * 1000
ANS: A
100. Match the following
List –I
a) Skewness
b) Variance
c) Earthquake
d) F –test
List – II
i) Dispersion
ii) Random Variations
iii) Ratio of variances
iv) Lack of symmetry
Choose the correct option
A. a-iii, b-iv, c-i, d-ii
B. a-iv, b-I, c-ii, d-iii
C. a-i, b-iii, c-iv, d-ii
D. a-ii, b-I, c-iv, d-iii
ANS: B